Sunrun (NASDAQ:RUN) Downgraded to "Neutral" Rating by BNP Paribas

Sunrun (NASDAQ:RUN - Get Free Report) was downgraded by research analysts at BNP Paribas from an "outperform" rating to a "neutral" rating in a research report issued to clients and investors on Friday, MarketBeat.com reports. They presently have a $14.00 target price on the energy company's stock. BNP Paribas' target price indicates a potential upside of 36.85% from the company's current price.

Several other research analysts also recently weighed in on RUN. Glj Research restated a "sell" rating and set a $7.78 price target on shares of Sunrun in a research report on Thursday. BMO Capital Markets lifted their price target on Sunrun from $17.00 to $20.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 7th. Truist Financial reissued a "hold" rating and issued a $18.00 price objective (up from $12.00) on shares of Sunrun in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Sunrun from $12.00 to $16.50 and gave the stock a "hold" rating in a research note on Thursday, August 8th. Finally, Jefferies Financial Group reduced their target price on shares of Sunrun from $31.00 to $29.00 and set a "buy" rating for the company in a research report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $21.33.

Sunrun Price Performance

Shares of RUN stock traded down $1.37 during mid-day trading on Friday, hitting $10.23. 29,411,389 shares of the stock were exchanged, compared to its average volume of 12,005,295. The company has a quick ratio of 1.31, a current ratio of 1.66 and a debt-to-equity ratio of 1.84. Sunrun has a 52-week low of $8.82 and a 52-week high of $22.26. The firm has a fifty day moving average of $16.80 and a 200 day moving average of $15.39. The company has a market cap of $2.29 billion, a PE ratio of -1.59 and a beta of 2.61.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.33) by $0.88. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The firm had revenue of $523.87 million for the quarter, compared to analyst estimates of $516.76 million. During the same quarter last year, the firm posted $0.25 EPS. The business's revenue was down 11.2% on a year-over-year basis. Research analysts anticipate that Sunrun will post -0.17 earnings per share for the current year.

Insider Buying and Selling

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the firm's stock in a transaction on Friday, October 18th. The stock was sold at an average price of $14.60, for a total value of $730,000.00. Following the completion of the sale, the director now owns 1,142,446 shares of the company's stock, valued at approximately $16,679,711.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the firm's stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $14.60, for a total transaction of $730,000.00. Following the completion of the transaction, the director now directly owns 1,142,446 shares in the company, valued at approximately $16,679,711.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gerald Alan Risk sold 9,045 shares of the company's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $20.04, for a total transaction of $181,261.80. Following the completion of the sale, the director now directly owns 334,761 shares in the company, valued at $6,708,610.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 155,840 shares of company stock valued at $2,755,487 over the last ninety days. Corporate insiders own 3.77% of the company's stock.

Institutional Investors Weigh In On Sunrun

Hedge funds have recently modified their holdings of the stock. Drive Wealth Management LLC increased its stake in shares of Sunrun by 4.5% in the third quarter. Drive Wealth Management LLC now owns 43,327 shares of the energy company's stock worth $782,000 after buying an additional 1,884 shares during the last quarter. Quest Partners LLC increased its holdings in shares of Sunrun by 149.9% in the 3rd quarter. Quest Partners LLC now owns 19,290 shares of the energy company's stock worth $348,000 after acquiring an additional 11,570 shares during the period. Chesapeake Capital Corp IL bought a new stake in shares of Sunrun during the third quarter valued at approximately $217,000. Natixis Advisors LLC increased its position in shares of Sunrun by 29.5% during the 3rd quarter. Natixis Advisors LLC now owns 34,295 shares of the energy company's stock valued at $619,000 after purchasing an additional 7,814 shares during the period. Finally, Sycomore Asset Management bought a new stake in Sunrun in the third quarter worth about $548,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Sunrun Company Profile

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.